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15 FINANCIAL REPORT 2015 ARCHDIOCESE OF DENVER During fiscal 2015 and 2014, the mortuary provided funeral services to 676 and 598 families, respectively. Included in these numbers are services to the county Social Services offices for 104 cases in 2015 and 81 cases in 2014. Accordingly, the mortuary contributed more than $380,000 in care services to the poor and their families in 2015. In addition, pre-need mortuary service contracts for future funeral services, totaling 318 and 434, were contracted for in 2015 and 2014 respectively. Income from operations during fiscal 2015 of $109,006 was generally consistent with the results in 2014. However, when combined with a decrease in investment income of more than $2.1 million in 2015 from 2014, the mortuary realized a smaller increase in net assets as compared to 2014. Operations were favorably impacted by an increase in mortuary sales, primarily from sales of pre-need service contracts. In addition, the mortuary's board continued its long-standing tradition of funding other ministry programs in the archdiocese when it approved respective grants of $93,000 and $87,000 to St. John Vianney and Redemptoris Mater seminaries in fiscal 2015 as compared to respective grants of $113,000 and $87,000 in fiscal 2014. Famous historic figure Julia Greeley, "Angel of Charity," is buried at Mount Olivet Cemetery. Poor herself, Julia used her red wagon to deliver, oen secretly, food, clothing, and fuel to the poor. Greeley died on June 7, 1918. Social Services Baby Cremation Casket ARCHDIOCESE OF DENVER MORTUARIES ARCHDIOCESE OF DENVER MORTUARY AT MOUNT OLIVET INC. 2000 1500 1000 500 0 2014 2015 704 723 517 531 223 238 132 134 STATEMENTS OF FINANCIAL POSITION As of June 30, 2015 and 2014 2015 2014 ASSETS: Cash & cash equivalents $1,756,604 $1,629,876 Accounts receivable, net 1,7 70,233 1,505,201 Prepaid expenses & other 56,788 83,668 Restricted investments 22,079,873 20,953,931 Property & equipment, net 325,275 380,561 Total assets $25,988,773 $24,553,237 LIABILITIES: Accounts payable & accrued liabilities $214,275 $199,456 Pre-need trust 12,104,399 11,319,172 Total liabilities 12,318,674 11,518,628 NET ASSETS: Unrestricted 13,670,099 13,034,609 Temporarily Restricted - - Total net assets 13,670,099 13,034,609 Total liabilities & net assets $25,988,773 $24,553,237 STATEMENTS OF ACTIVITIES As of June 30, 2015 and 2014 2015 2014 SUPPORT & REVENUE: Mortuary sales $3,47 7,497 $3,060,567 Miscellaneous 9,997 13,968 Total support & revenue 3,487,494 3,074,535 EXPENSES: Mortuary operating expenses 2,646,236 2,371,623 Gis & grants 180,000 201,800 Support & administrative expenses 552,252 455,224 Total expenses 3,378,488 3,028,647 Income from operations before investment return 109,006 45,888 Investment income, net 526,484 2,652,951 Increase in net assets $635,490 $2,698,839